Support services contractor Enterprise saw a 3.5 per cent growth in turnover in the year to December 2011.
Turnover including joint venture shares hit £1.13 billion in the year to December 2011, up from £1.09bn in 2010. The groups’s underlying revenue was 5.1 per cent up at £926.2 million.
Pre-tax profit before exceptionals dropped 25 per cent to £7.6m. During the 2011 financial year, Enterprise incurred £24.8m of restructuring costs and decided to exit its loss making rail business. Chief executive Ian Fraser joined the group in November 2011.
Its order book rose by £400m in 2011, standing at £5.8bn, with Enterprise stating that 84 per cent of its budgeted turnover for this year was covered.
Contract wins during the year for the group’s government services division included a partnership contract with Peterborough City Council of £20m a year for up to 23 years to provide environmental and facilities management services.
It also added Ealing Borough Council to its customers, with a £80m environmental services contract lasting five years.
Revenues in its utilities and defence division were worth £569m. The division acquired civil engineering contractor Byzak last October.
Chairman Alan Peterson said in his review: “Market pressures and cost constraints continue to characterise our markets, but they remain robust and offer good growth opportunities for businesses that can work efficiently and effectively with clients to improve the services they offer their customers.”